Catching Astroturfers
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CEO Steve Berman needs jail-time. And a huge fine for his activity here. He ruined Onci and lied to me personally too many times.
Keep guessing. You will be proven wrong when Q3 is announced.
Your theory will be PROVEN wrong when Q3 is announced. There is no way to know when ONCI is issuing shares as they are not always traded right away. They issue the shares to Canouse and at some point he dumps them.
They can be issued and not dumped as well, but they are surely being issued.
To know how many were ISSUED you need to contact the TA who likely will be prohibited from telling you as the CEO likely has him gagged.
Shares do not have to hit the exchange to be dilutive. If issued they are dilution.
FALSE...They do not announce when they are diluting. LMAO...That is why you need to wait for the Q3 report, or contact the TA to find the current sharecount.
They clearly are strapped for cash since A/R is not being paid.
The ship is sinking. Go down with the ship if you want.
A/R not being paid..is..why..they..sell so many shares....Dilution is the only thing keeping them in business.
ONCI averages 70.million shares..per month DILUTION..over the last two quarters filed.
THAT IS MASSIVE!!!
You will proven wrong when results..are posted Q3...MASSIVE..DILUTION is clearly ongoing.
I am not sure why you want to deceive people. It is clear that they filed to sell more shares and that will be approved at some point.
Looking at the filings they are selling shares all the time. It is ONGOING.
NO...There has been MASSIVE..dilution..in EVERY quarter...It is ongoing.
Q3 will OBVIOUSLY report more Dilution.
YOU KNOW they have already filed to sell more shares. They are just waiting for approval. Until then they are feeding Canouse and other more shares at .000045
DEATH SPIRAL!!!!
Further proving...Dilution is ONGOING...April 12...200 MIllion.to.Canouse
Look at the tables spelled out in the fins. 400 Million in Dilution since Oct. 31, 2018
Further filings for more Dilution are awaiting approval. At current shareprice this adds 1.35 Billion more shares.
Just admit the dilution and be honest with the board. Then I will leave you to your sinking ship.
Nothing anybody posts here matters much anyway. Between the dilution and manipulaters/MM, etc....
April 12,.2019..200 million shares to Canouse......DILUTION!!!!!
https://backend.otcmarkets.com/otcapi/company/financial-report/223377/content
DILUTION straight from the Financial reports.
From November 1, 2015 to date:
During August,2016 Company issued an additional354,470,539 common shares to settle certain of the Company's convertible debt of $13,830, such that at October 31,2016 the Company had issued a total of 2,798,719,698 common shares. The issued and outstanding "series A" preferred shares remained unchanged at 30,000,000.
During the 3 months ended January 31,2017 atotal of 495,198,250 common shares were issued to repay convertible debt of $ 29,455. Accordingly, at January 31, 2017 the Company had issued a total of 3,293,917,948 common shares. The issued and outstanding "series A" preferred shares remained unchanged at 30,000,000.
During the 3 months ended April 30, 2017 atotal of 207,819,635 common shares were issued to repay debt of $ 62,500.
Accordingly, at April 30, 2AI7 the Company had issued a total of 3,501,737,583 common shares. The issued and outstanding "Series A" preferred shares remained unchanged at 30,000,000.
During the 3 months ended July 31, 2017 atotal of 31 1,809,786 common shares were issued . 299,309,786 common shares repaid convertible debt of $39,987 while i2,500,000 common shares were issued against accrued CEO executive compensation of $13,750. The issued and outstanding common shares and "series A" preferred shares at July 3I,2017 amounted to 3,813,547,369 common and 30,000,000 preferred, respectively.
During the 3 months ended October 31, 2017 ,5,000,000 common shares were issued against accrued CEO executive compensation of $ 70,500 and 40,000,000 common shares were issued to Livingston Asset Management, LLC as a component of the Section 3 (a) (10) debt reorganizationprogram further explained on Page 12. Accordingly, the issued and outstanding common shares and "series A" at Octobe, il,20l7 were 3,858,547,369 common and 30,000,000 preferred, respectively.
During the 3 months ended January 31,20i8 an additional 120,000,000 common shares were issued to Livingston Asset Management, LLC as a component of the Section 3(a) (10) debt reorganizationprogram further explained on Page 12.
Accordingly, at January 3 I ,20 1 8 the issued and outstandirrg ,t*", and "Series A" preferred shares at that date were: 3,978,547,369 "o*-on
respectively.
During the 3 months ended July 31,2018 the Company issued an additional45,182,485 common shares to Livingston Asset Management, LLC to redeem the $ 65,000 convertible note payable and accrued interest of $ 8,078 thereon. In addition,9,475,664 common shares were issued to Oscaleta Partners LLC to redeem a convertible note of $ 8,250 plus accrued interest thereon of $1,000 , and the Company issued 7,500,000 common shares to our CEO in partial reimbursement for expenses paid on behalf of the Company.
Accordingly, at July 3\2A18 the issued and outstanding common shares and "series A" preferred shares at that date were: 4,498,205,518 common and 30,000,000 preferred, respectively.
During the 3 months ended October 31,2018 the Company issued 7,500,000 common shares to our CEo in partial reimbursement for expenses paid on behalf of the Company.
Accordingly, at October 31,2018 the issued and outstanding common shares and "series A" preferred shares at that date were: 4,535,705,518 common and 30,000,000 preferred, respectively.
Of the issued and outstanding common shares, 2,889,751,027 common shares (or 63.71%) were held in the public float and 1,445,422,272 (or 3l.87%) were restricted common shares held by our CEO.
Ending total for Oct. 31, 2018 4,505,000,000
Subtract 1.4 million from CEO returned shares and there should be 3.1 Billion outstanding shares.
Outstanding shares as of April 30th, 2019 was 3.5 billion showing an increase of 400 Million shares over the past two quarters.
200 million shares issued to Canouse on April 17, 2019.
Huge list of dilution online at https://backend.otcmarkets.com/otcapi/company/financial-report/223377/content
300 Million in Dilution....Stop spreading FAKE NEWS.
Anybody can see the dilution right in the filings. IT IS SIMPLE TO SEE.
300 MILLION SHARES added.
You are posting over and over again that there is no dilution. This is unfair to potential investors. Tell them the facts and see if they still want to buy instead of making up stories.
All the FACTS you need to know about ONCI.
Accounts Receivable growing every quarter at the same rate as the Gross Margin. Problem being that it is not being paid. Normally A/R should be paid in 60 days or less. ONCI has not shown a noticeable payment in 27 months!!!
300 million shares sold by ONCI in the first 2 quarters this year. That is where virtually all the cash comes from. DILUTION.
Analyzing the past “shareholder updates” shows that the CEO’s promises come through around 3% of the time. That means a FAILURE RATE of 97%.
ONCI’s Bsafemobile app is a FAILURE as well. Ask yourself if you would buy an app for $175 that will disable most phone functions while you are driving. Considering that their are free apps out there. Plus you can just put your phone in your glove compartment when driving if you really do not want to use it.
CEO Steve Berman Sold over $1 million in stock in the past year. If it really was going to SKYROCKET why would anybody sell???
ONCI earns money selling shares..FACT...300..million..in..DILUTION!!
CEO is a proven LIAR. ONCI is his..personal..piggybank
No Accounts Receivable reduction in 9 Quarters..That's..27..MONTHS.
YOU MEAN...IMPRESSIVE DILUTION...300.Million new shares...No Money coming in.....
LMAO....$200 did not interest them. Invest $5K if you really believe in the company. Then they will sell.
MMs know ONCI is going to .0001...So they are set up for it.
Steve has posted dozens of “updates”..nothing..ever..comes true. He is just pumping the price to sell more shares. 300 million in dilution so far this year. SAD
His updates are usually followed by a DROP in price.
Wait for .0001 then sell.
Wait for .0001 then sell.
YOU MEAN...IMPRESSIVE DILUTION...300.Million new shares...No Money coming in.....
Most investors never look at the report. I am surprised ONCI is not at. .0001 where it belongs.
WOW....a $200 Investment into a SCAM STOCK.
HAHAHA...Share reduction....LMAO....DILUTION..running rampant....300..Million shares printed!!!
TIMBER!!!!....Massive Dilution sinking ONCI...#1..SCAM..on..the...OTC
How about the Golf app that speeds..up..rounds...LMAO
No Accounts Receivable reduction in 9 Quarters..That's..27..MONTHS.
MASSIVE DILUTION....and....ACCOUNTS RECEIVABLE not being paid....SCAM
Smart investors read the filings and can..see..MASSIVE..DILUTION...300.MILLION..SHARES.
Massive Dilution is in the recent filings. So audited or unaudited does not matter in that sense. The company is burning through shares and will soon run out. Then it is Reverse split time.
Account Receivable not being paid should concern every investor.
300 MILLION in DILUTION for Q1..Q2..READ THE FILINGS!!!
DILUTION ALERT...Going to .0001...300 million shares diluted over the past 2 quarters. It is all in the filings.
Don't let people lie to you in an attempt to offload their shares on the unsuspecting investors.
WRONG....300 million shares dilution..past 2 quarters.
Those shares were never in the float so made no difference. In the meantime they diluted over 300 million shares over the past two quarters and the filing for more dilution of over 1 billion shares has not yet been approved.
RS is coming.
Dilutions is a PROVEN fact!!! 300 million shares..last.2..Quarters...Read the filings.
Accounts Receivable NOT BEING COLLECTED.RED..FLAGS.SCAM!!!
The bottom line with ONCI is that every quarter for the past 10 quarters the Accounts Receivable increases by very close to the Gross margin. (revenue - cost of sales)
This past quarter saw Accounts Receivables (A/R) rise by $869,215, After the $635,921 cost of sales is deducted from Revenue you are left with $851,444.
So they are claiming $851,444 for Revenue for the quarter after costs, BUT are owed $869,215 more than the total at the end of the previous quarter.
This means that A/R from the previous 9 quarters has not been paid and that it rose more than the Gross margin in this Quarter. (AGAIN)
This is a VERY STRONG INDICATION OF FRAUD.
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Copied below from https://blog.apruve.com/6-types-of-accounts-receivable-fraud
Fictitious Sales
Accounts Receivable is not actual money in the bank. An employee can fabricate invoices, which will inflate accounts receivable. But who might this benefit since an invoice isn't the same as receiving cash?
Sales people who work on a commission will benefit from an increase in accounts receivables, as it will show an increase in sales. To make this work, someone in control of accounts receivables will have to be in on the fraud.
Red flags for this type of fraud are invoices to fake customers or invoices that do not match the type of business a customer might generate. At some point, these invoices might simply disappear as part of the fraud and go undetected. Internal controls that monitor this type of activity can help with detecting fictitious sales.
NOTE: CEO Steve Berman receives a 12.5% commission on all sales.
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More info from https://www.get.com/stock/2010/03/11/accounting-red-flags-10-things-investors-should-look-out-for/
Accounting Red Flags: 10 Things Investors Should Look Out For
1. Unusual accounts receivables growth. If accounts receivables grow at a faster pace than the company's sales, it can indicate that the company is making bad sales to companies unable or unwilling to pay, which could result in bad debt down the road. It may also indicate that the company is booking revenues before the proper time, which is one of the most common practices within the universe of manipulation. Future sales are simply recognized early, inflating earnings. The tell-tale sign, of course, is accounts receivable growth in excess of reported revenue levels. Studying the dollar amounts is not adequate to spot this. Instead, compare the rate of growth in year-to-year revenues and receivables.
ONCI has higher A/R in six of the past nine quarters than their Gross margin.
Bottom line is that ONCI is NOT BEING PAID for the past 10 Quarters on any measurable A/R at all, or it is made up revenue supported by phony sales contracts. A third option would be that they have shipped units to dealers on consignment but they have not sold more than a few units. This would need to be disclosed to investors. As they have made it look like they are selling 9K to 10K per quarter and that is not possible due to these numbers.
My hope is that this fraud is uncovered by the SEC and that the CEO is prosecuted for these alleged crimes. I hope no more investors lose money due to the fraud committed here. I was fortunate to find out about this fraud in time to avoid losing a lot of money.
FAKE MADE UP NUMBERS...ONCI..is a SCAM...PROVEN by the A/R numbers. Do some DD!!
ALL part of the ONCI SCAM...Don’t fall for it people!!!